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US housing market sales flat, prices hit record high

U.S. existing home sales remained stagnant in April, showing little change from the previous month and year. Despite a slight increase in inventory, the market still faces a significant shortage compared to pre-pandemic levels. Home prices, however, reached an all-time high for April, continuing a 34-month streak of annual price increases. AI

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RANK_REASON Article discusses market trends and economic data without announcing a new product, research, or significant event.

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US housing market sales flat, prices hit record high

COVERAGE [1]

  1. Fortune TIER_1 · Alex Veiga, The Associated Press ·

    The American housing market is broken—and 3 years in, it’s starting to look permanent

    Energy prices, inflation fears, and a housing market that can't catch a break.